NOT LISTED FOR SALE

Estimated Value: $78,000 - $136,000

-- Bed
1 Bath
1,608 Sq Ft
$71/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $35,000 $22 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $644/month

22 Days on Market

About This Home

As of December 2019

Location, Location, Location this duplex is situated in Old Town, 2nd unit is leased through 03/2020. First unit needs work but the potential for this property is amazing, can be remodel to remain a duplex or can be converted back into a single-family home. What a great investment opportunity. Please allow 24 hr notice to view home – Tenant Rights.

Last Agent to Sell the Property

John Burg

EXIT Realty Home Partners License #6506047877 Listed on: 10/15/2019

EXIT Realty Home Partners

Last Buyer's Agent

Katrina Hoyt

RE/MAX Real Estate Professionals License #6501420211

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1873

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 81x76

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,608 Sq Ft Home
  • 2-Story Property
  • Michigan Basement

Parking

  • 3 Parking Spaces
  • Gravel Driveway

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 2 Units
  • Original Of Lansing Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: Gravel
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2018
  • Registered Licenses for Unrelated Occupants: 1
  • Unit Information License Register Exp: 2021-11-30
  • Levels: Two
  • Year Built: 1873
  • Lot Size Acres: 0.14
  • Lot Size: 81x76
  • Subdivision Name: Original of Lansing
  • Above Grade Finished Sq Ft: 1608.0
  • General Property Info:Lot Size Dimensions: 81x76
  • General Property Info:Above Grade Finished Area: 1608.0
  • Levels:Two2: Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 2120.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: duplex
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Hot Water, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Wood Siding

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Misc Business Info:_pound_ Parking: 3
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Unimproved
  • Appliances: Gas Water Heater
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2019
Closed on
Dec 6, 2019
Sold by
Marsh Paul B and Marsh Kevin K
Bought by
Melville Evan Douglas
Seller's Agent
John Burg
EXIT Realty Home Partners
Buyer's Agent
Katrina Hoyt
RE/MAX Real Estate Professionals
List Price
$44,900
Sold Price
$35,000
Premium/Discount to List
-$9,900
-22.05%
Total Days on Market
22
Current Estimated Value
$114,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,953
Avg. Annual Appreciation
21.79%

Purchase Details

Closed on
Nov 17, 2010
Sold by
Marsh Dorothy J
Bought by
Marsh Dorothy J and Marsh Paul B
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Melville Evan Douglas $35,000 Transnation Title Agency
Marsh Dorothy J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marsh Dorothy J $20,000
Previous Owner Marsh Dorothy J $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $35,000 -22.0% $22 / Sq Ft
10/15/2019 10/15/19 For Sale $44,900 -- $28 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25 $59,600 $5,200 $54,400
2023 $3,014 $48,500 $5,200 $43,300
2022 $2,995 $43,900 $5,900 $38,000
2021 $2,685 $39,100 $6,500 $32,600
2020 $2,666 $35,500 $6,500 $29,000
2019 $2,241 $34,100 $6,500 $27,600
2018 $2,121 $30,500 $6,500 $24,000
2017 $2,034 $30,500 $6,500 $24,000
2016 $2,056 $30,000 $6,500 $23,500
2015 $2,056 $29,100 $13,066 $16,034
2014 $2,056 $28,000 $15,750 $12,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 241777

Greater Lansing Association of Realtors®

APN: 01-01-09-334-191